NASDAQ:HUT Hut 8 (HUT) Stock Price, News & Analysis → A lot of people are making this costly mistake (From WealthPress) (Ad) Free HUT Stock Alerts $11.04 +1.18 (+11.97%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$10.02▼$12.1650-Day Range$6.33▼$11.0452-Week Range$6.18▼$22.75Volume16.29 million shsAverage Volume5.78 million shsMarket Capitalization$489.62 millionP/E RatioN/ADividend YieldN/APrice Target$9.88 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Hut 8 alerts: Email Address Hut 8 MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside10.6% Downside$9.88 Price TargetShort InterestBearish10.78% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.18Based on 27 Articles This WeekInsider TradingN/AProj. Earnings GrowthDecreasingFrom ($0.05) to ($0.27) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.0.13 out of 5 starsFinance Sector847th out of 849 stocksNondepository Credit Institutions Industry44th out of 45 stocks 1.3 Analyst's Opinion Consensus RatingHut 8 has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, no hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $9.88, Hut 8 has a forecasted downside of 10.6% from its current price of $11.04.Amount of Analyst CoverageHut 8 has only been the subject of 4 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted10.78% of the float of Hut 8 has been sold short.Short Interest Ratio / Days to CoverHut 8 has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Hut 8 has recently increased by 7.78%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldHut 8 does not currently pay a dividend.Dividend GrowthHut 8 does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for HUT. Previous Next 2.9 News and Social Media Coverage News SentimentHut 8 has a news sentiment score of 0.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.61 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 27 news articles for Hut 8 this week, compared to 4 articles on an average week.Search Interest38 people have searched for HUT on MarketBeat in the last 30 days. This is an increase of 124% compared to the previous 30 days.MarketBeat Follows17 people have added Hut 8 to their MarketBeat watchlist in the last 30 days. This is an increase of 31% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Hut 8 insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 31.75% of the stock of Hut 8 is held by institutions. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Hut 8 are expected to decrease in the coming year, from ($0.05) to ($0.27) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Hut 8 is -4.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Hut 8 is -4.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioHut 8 has a P/B Ratio of 1.80. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 MediaSHOCKING Crypto Leak…A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024. Claim your free seat by clicking here now. About Hut 8 Stock (NASDAQ:HUT)Hut 8 Corp. provides digital asset mining and high-performance computing infrastructure solutions in Canada. It operates computing infrastructure sites mines Bitcoin, as well as delivers cloud, colocation, and computing services to enterprise customers. The company was founded in 2017 and is based in Miami, Florida.Read More HUT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart HUT Stock News HeadlinesMarch 29, 2024 | americanbankingnews.comStock Traders Purchase High Volume of Hut 8 Call Options (NASDAQ:HUT)March 29, 2024 | americanbankingnews.comHut 8 (NASDAQ:HUT) Sees Unusually-High Trading Volume on Analyst UpgradeMarch 29, 2024 | Insiders Exposed (Ad)This consistently signaled gains of 453%... 610%... and even 1036%...It doesn’t happen often, but occasionally, something completely unique comes across my radar. In this case, I’m talking about legal “Insider Trading”. Traders who have consistently signaled 453% … 610% .. and even 1036%... gains. And until now they have been doing it completely under the radar. In an upcoming interview I am revealing the strategy behind this gold-mine and how you can piggy back their every trade.March 28, 2024 | stockhouse.comHut 8 Corp. (HUT) Deadline Approaching: Berger Montague Advises Investors of Deadline in Securities Fraud LawsuitMarch 28, 2024 | msn.comHUT Earnings: Hut 8 Soars on Impressive Six-Month NumbersMarch 28, 2024 | marketwatch.comToronto Stocks Rise as Canadian GDP Growth Tops Views in January; Hut 8 Rises on 1H Profit, RevenueMarch 28, 2024 | msn.comHut 8 Stock Climbed After Its Results, What's Going On?March 28, 2024 | marketwatch.comHut 8 Shares Rise After Logging Profit, Higher Revenue in 1HMarch 29, 2024 | WealthPress (Ad)$25,000 into $109,616 in two months? Today I want to show you how our research shows you could’ve grown a $25,000 account into $109,616.12 within the last TWO months. You see, former multi-million dollar hedge fund manager Roger Scott spent the better half of 2023 developing what might be the most advanced trading tool that exists… It’s a revolutionary software system that tracks the moves of institutional investors…. in real time…March 28, 2024 | markets.businessinsider.comHUT 8 INVESTOR ALERT: Kirby McInerney LLP Alerts HUT 8 Corp. (HUT) Investors of Looming Lead Plaintiff Deadline in Class Action LawsuitMarch 28, 2024 | finance.yahoo.comHut 8 Corp (HUT) Reports Substantial Growth in Earnings and Adjusted EBITDAMarch 28, 2024 | globenewswire.comHut 8 Reports Operating and Financial Results for the Six Months Ended December 31, 2023March 28, 2024 | globenewswire.comHut 8 Reports Operating and Financial Results for the Six Months Ended December 31, 2023March 27, 2024 | prnewswire.comSHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Hut 8 Corp. of Class Action Lawsuit and Upcoming Deadlines - HUTMarch 27, 2024 | prnewswire.comHUT Investors Have Opportunity to Lead Hut 8 Corp. Securities Fraud LawsuitMarch 27, 2024 | prnewswire.comInvestors who lost money on Hut 8 Corp.(HUT) should contact Levi & Korsinsky about pending Class Action - HUTMarch 26, 2024 | prnewswire.comClass Action Filed Against Hut 8 Corp. (HUT) - April 8, 2024 Deadline to Join - Contact The Gross Law FirmMarch 25, 2024 | markets.businessinsider.comHUT 8 INVESTOR ALERT: Kirby McInerney LLP Notifies HUT 8 Corp. (HUT) Investors of Upcoming Lead Plaintiff Deadline in Class Action LawsuitMarch 23, 2024 | prnewswire.comROSEN, LEADING INVESTOR COUNSEL, Encourages Hut 8 Corp. Investors to Secure Counsel Before Important Deadline in Securities Class Action - HUTMarch 22, 2024 | stockhouse.comSHAREHOLDER DEADLINE: Hut 8 Corp. (HUT) Investors Are Reminded of Deadline in Securities ActionMarch 22, 2024 | prnewswire.comHUT 8 SHAREHOLDER ALERT: CLAIMSFILER Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Hut 8 Corp. - HUTMarch 21, 2024 | markets.businessinsider.comHUT DEADLINE REMINDER: Berger Montague Reminds Hut 8 Corp. (HUT) Investors of Important Class Action Lawsuit DeadlineMarch 21, 2024 | prnewswire.comHUT Investors Have Opportunity to Lead Hut 8 Corp. Securities Fraud LawsuitMarch 21, 2024 | americanbankingnews.comBTCS (NASDAQ:BTCS) & Hut 8 (NASDAQ:HUT) Critical ContrastMarch 21, 2024 | americanbankingnews.comHut 8 (HUT) Scheduled to Post Quarterly Earnings on ThursdayMarch 20, 2024 | prnewswire.comShareholders that lost money on Hut 8 Corp.(HUT) Urged to Join Class Action - Contact Levi & Korsinsky to Learn MoreMarch 19, 2024 | prnewswire.comSHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Hut 8 Corp. of Class Action Lawsuit and Upcoming Deadlines - HUTSee More Headlines Receive HUT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Hut 8 and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings8/14/2023Today3/29/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Nondepository credit institutions Sub-IndustryN/A Current SymbolNASDAQ:HUT CUSIPN/A CIK1731805 Webhut8mining.com Phone(647) 256-1992FaxN/AEmployees98Year FoundedN/APrice Target and Rating Average Stock Price Target$9.88 High Stock Price Target$15.00 Low Stock Price Target$3.50 Potential Upside/Downside-15.1%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($2.75) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-186,770,000.00 Net Margins-184.31% Pretax Margin-333.61% Return on Equity-24.58% Return on Assets-20.69% Debt Debt-to-Equity Ratio0.04 Current Ratio4.61 Quick Ratio4.61 Sales & Book Value Annual Sales$115.90 million Price / Sales4.22 Cash Flow$0.03 per share Price / Cash Flow364.69 Book Value$6.13 per share Price / Book1.80Miscellaneous Outstanding Shares44,350,000Free FloatN/AMarket Cap$489.62 million OptionableOptionable Beta3.86 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Asher Kevin Genoot (Age 28)Co-Founder, CEO, President & Director Comp: $250kMr. Michael Ho (Age 30)Co- Founder, Chief Strategy Officer & Director Comp: $250kMr. Shenif Visram C.M.A. (Age 51)CPA, Chief Financial Officer Mr. James BeerSenior Vice President of OperationsMs. Erin DermerSenior Vice President of Communications & CultureMs. Suzanne EnnisVice President of Corporate DevelopmentMore ExecutivesKey CompetitorsMDB CapitalNASDAQ:MDBHRunway Growth FinanceNASDAQ:RWAYGreystone Housing Impact InvestorsNYSE:GHIHIVE Digital TechnologiesNASDAQ:HIVEQudianNYSE:QDView All CompetitorsInstitutional OwnershipNomura Holdings Inc.Bought 133,019 shares on 3/27/2024Ownership: 0.300%Vanguard Group Inc.Sold 132,265 shares on 3/11/2024Ownership: 0.075%Wellington Management Group LLPSold 1,113,284 shares on 3/5/2024Ownership: 0.029%Goldman Sachs Group Inc.Sold 391,451 shares on 3/1/2024Ownership: 0.627%Virtu Financial LLCSold 32,133 shares on 2/26/2024Ownership: 0.081%View All Institutional Transactions HUT Stock Analysis - Frequently Asked Questions Should I buy or sell Hut 8 stock right now? 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hut 8 in the last twelve months. There are currently 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" HUT shares. View HUT analyst ratings or view top-rated stocks. What is Hut 8's stock price target for 2024? 4 brokerages have issued 12 month price objectives for Hut 8's stock. Their HUT share price targets range from $3.50 to $15.00. On average, they expect the company's share price to reach $9.88 in the next twelve months. This suggests that the stock has a possible downside of 10.6%. View analysts price targets for HUT or view top-rated stocks among Wall Street analysts. How have HUT shares performed in 2024? Hut 8's stock was trading at $13.34 at the beginning of 2024. Since then, HUT stock has decreased by 17.2% and is now trading at $11.04. View the best growth stocks for 2024 here. Are investors shorting Hut 8? Hut 8 saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 9,560,000 shares, an increase of 7.8% from the February 29th total of 8,870,000 shares. Based on an average daily trading volume, of 6,280,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 10.8% of the shares of the company are short sold. View Hut 8's Short Interest. How were Hut 8's earnings last quarter? Hut 8 Corp. (NASDAQ:HUT) issued its earnings results on Monday, August, 14th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by $0.01. The firm earned $14.28 million during the quarter, compared to the consensus estimate of $15.98 million. Hut 8 had a negative trailing twelve-month return on equity of 24.58% and a negative net margin of 184.31%. During the same period last year, the firm earned ($0.12) EPS. What ETFs hold Hut 8's stock? ETFs with the largest weight of Hut 8 (NASDAQ:HUT) stock in their portfolio include iShares Blockchain and Tech ETF (IBLC).SPDR S&P Kensho New Economies Composite ETF (KOMP). Who are Hut 8's major shareholders? Hut 8's stock is owned by a variety of institutional and retail investors. Top institutional investors include Van ECK Associates Corp (1.58%), Citadel Advisors LLC (0.00%), Simplex Trading LLC (0.00%), Mirae Asset Global Investments Co. Ltd. (0.83%), Vident Advisory LLC (0.74%) and Goldman Sachs Group Inc. (0.63%). Insiders that own company stock include Aniss Amdiss, Jaime Leverton and Shenif Visram. How do I buy shares of Hut 8? Shares of HUT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:HUT) was last updated on 3/29/2024 by MarketBeat.com Staff From Our PartnersDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders Alliance“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryAI Cracks Open Largest Untapped Energy Reserve on EarthBanyan Hill PublishingThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyMost important medical advance in 100 yearsThe Oxford ClubBuy this small stock before coming AI Tidal WaveChaikin Analytics Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Hut 8 Corp. Please log in to your account or sign up in order to add this asset to your watchlist. 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